India, July 9 -- Bassett Furniture Industries Inc. (BSET) reported that its net income for its second quarter ended May 31, 2025 was $1.92 million or $0.22 per share compared to a loss of $7.20 million or $0.82 per share in the same quarter last year.
Analysts expected the company to report earnings of $0.13 per share for the second quarter. Analysts' estimates typically exclude special items.
BSET closed Wednesday's regular trading at $16.99 up $0.77 or 4.75%. In the after-hours, trading the stock further gained $1.25 or 7.36%.
Operating income for the quarter was $2.5 million compared to a loss of $8.5 million for the prior year quarter which included $5.5 million of asset impairment charges and $2.7 million of additional inventory val...